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Volumeanalysis

Symmetrical Triangle Formation in CAMS – Awaiting BreakoutOverview: CAMS is currently forming a symmetrical triangle on the daily chart, a classic continuation pattern. This pattern typically indicates a period of consolidation before the next significant move, and given the stock’s strong previous uptrend, there is a potential for an upward breakout. However, the symmetrical triangle is neutral until confirmed, so both bullish and bearish breakouts are possible. Pattern Breakdown: The triangle is defined by point A (around 4900 INR), where the stock reached a high, and point B (around 3850 INR), marking the recent low. The price has been forming lower highs C (around 4600 INR) and higher lows D (around 4200 INR) as it tightens into the apex. This contraction in price is a sign that the market is undecided, but once it breaks out of the triangle, a directional move is expected. Key Observations: RSI Oscillator: The RSI, set to a period of 14, is hovering around the neutral zone (~50). This shows that the stock isn’t currently overbought or oversold. A move above 70 or below 30 could signal a strong trend in the direction of the breakout. Volume Decline: As the triangle develops, volume has been tapering off, a typical characteristic of consolidation. A significant volume spike will be key in confirming the breakout direction. Breakout Levels: Upside Breakout: A break above point C (around 4,600 INR) could trigger a bullish continuation, given the previous uptrend. Traders should wait for confirmation via price action and volume. Downside Breakout: A breakdown below point D (around 4,200 INR) could signal a bearish reversal, especially if accompanied by increased volume. Final Thoughts: Symmetrical triangles can break in either direction, so it's crucial to wait for confirmation. Given the prior bullish trend in CAMS, there's a greater probability for an upward breakout, but the possibility of a downside move can’t be ruled out. Patience is key—monitor the volume and price action carefully for a strong breakout signal. Disclaimer : This is for educational purpose only. I am not SEBI registered advisor. Take advice from financial advisor before investing.
NSE:CAMS
by jeet20
Bullish into Weekly SIBIWednesday's candle closed above the prior day's high, reaching the weekly high as well as the previous month's high, we could potentially see the price continue to rally into weekly sibi 4hr market structure is still bullish but after the rally, the price has now closed above 4hr swing-high 4hr Fixed Volume profile shows the POC is at the high of a price and now price action is moving away from that area in a bullish fashion m15 has two potential areas from long at 20,221.00 or at if the Asian session continues to expand we will have to see how London's action is traded especially if the price reaches the w-sibi first in the overnight session which could result in a NY session reversal Since NQ is typically correlated with ES I will monitor both for direction confirmation and divergences and convergences
CME_MINI:NQ1!Long
by martiedirect
Intraday Cable (GBPUSD) will hit the 1.3200 Cable is set in my opinion is going to hit the 32 handle at the very least. 1. The supply at the 34's was a dead giveaway coming out of the NASDAQ and Chicago. 2. As predicted Futures traders exited longs yesterday in Chicago. The brief upthrust tricked the market into longs. My last idea captured this yesterday (Tview hid this because I linked my blog) 3. I am looking for dip bids to buy when we start to support. Feel free to DM me with questions.
Short
by GreedyTrader
Technical Analysis on FedEx (FDX)Despite the long- and short-term uptrend, FedEx stock displays some peculiar behavior, with frequent gap ups and gap downs, mostly occurring around earnings reports. Some gap downs have reached up to 20%, but were quickly filled shortly thereafter. Recently, the stock reached its all-time high, only to be rejected. Therefore, the $320 area serves as a strong resistance (RES) that needs to be broken for the stock to resume its bullish trend. Bullish Scenario Following the release of the latest earnings report and declining revenue, the stock dropped 15% in a single day, creating a new gap down. With this decline, the price is now approaching a key volume area, the POC zone around $250. This area could act as support, containing the price and potentially initiating a rebound. Bearish Scenario If the POC area fails to hold the price, the stock could continue its decline toward a static support zone around $200. FedEx remains an interesting stock to watch, especially considering how it reacts in the coming weeks and its ability to maintain key support levels.
NYSE:FDX
by Giovanni_Bandini
1
Ethereum Resistance Starts At $2800Ethereum flashed green on my indicator system on the 9th of September. I don't see much resistance until we move into that $2800 area. Our first resistance area will be that block of sell side pressure which coincides with the 350 DMA. Above that we have the top of our channel which coincides with an area of higher volume according to the VRVP. This is where I will begin watching closely for my indicator system to flash red. Of course, we could always break the top of our channel and continue up. The bulls will have shown a lot of strength to do so. I will try to keep you posted as Ethereum tends to lead much of our altcoin space.
COINBASE:ETHUSDLong
by stewdamus
SWING IDEA - GLOBUSSPRNSE:GLOBUSSPR has found its Swing Low levels at 710, which has also formed as a good Support as of now. MACD levels are also moving upward steadily since the last few years indicating a good move upward. If the market condition is stable for the next few weeks, we can see this stock moving up too. Do not expect the stock to suddenly rally up as there is not much news about the stock in the recent months, so the Price movement could be pretty slow yet steady too. Take this trade only based on your Risk Appetite and Risk Management.
NSE:GLOBUSSPRLong
by thepranam
2
What are Volume Candles and how to use themVolume Candles are a great chart type you can use to integrate volume analysis into your trading. TradingView is a superb platform that offers this chart type in real-time, so you can immediately get a completely different feel of what the market is actually doing. As an experienced trader, understanding volume candles is crucial in getting a deeper insight into market dynamics. Unlike standard candlestick charts, which focus primarily on price movement, volume candles combine price action with the strength of trading activity (volume). This offers a unique perspective that can give you an edge in reading market sentiment and momentum. What Are Volume Candles? Volume candles are modified candlestick charts where the width of the candle is proportional to the trading volume during the corresponding time period. The typical candlestick elements—open, high, low, and close prices—are still present, but the volume aspect adds an additional layer of information, enhancing the clarity of price action. Key Features of Volume Candles: Height: Represents price movement (just like in regular candlesticks). Width: Indicates the volume of trades within that period. Unique Information You Can Extract from Volume Candles: 1. Volume-Driven Price Action Volume candles show how much trading interest exists at various price levels. When you observe a large volume candle, it tells you that a lot of market participants were active at that price. Conversely, a thin candle signals lower activity. This helps you: A. Identify levels where strong participation occurs (institutional players what I call the puppet master). B. Spot consolidation zones where volume is low, which often precedes significant price moves. 2. Momentum Confirmation High-volume candles that align with price trends suggest strong momentum. Wide Bullish Candles: If you see a wide up candle during an uptrend, it indicates that the buying pressure is backed by solid volume. This gives more credibility to the uptrend and hints at a continued move upward. Wide Bearish Candles: Similarly, a wide down candle during a downtrend signals strong selling pressure. Volume Candle Chart can also be used for day trading purposes where you need to act FAST. This TradingView chart type is extremely good so you don't need to compare the traditional volume bars on the bottom of the chart. IMPORTANT: You must understand the puppet master mentality, which gives you context. *** EXTRA: You can use this theme color.
NASDAQ:COINEducation
by ZoharCho
4
KAS/USDT Trading ScenarioThe KAS’s price chart continues to follow an upward trend, with the trendline successfully acting as a support level four times, indicating its significant strength. From a volume profile perspective, the current asset price is in a zone of heightened market participant interest, with a key volume level POC at $0.16833. After the news about a potential Fed rate cut, a short-term correction is likely, as the market has probably already priced this event in. In this case, we may see sell-offs following the news release. However, in the long term, growth potential remains, with the trendline, once again being tested, serving as a possible reversal point.
by Rick_SimpleSwap
Technical Analysis of Broadcom Inc (AVGO)The stock ( AVGO ) is in a long- and medium-term uptrend. In the short term, it is undergoing a retracement phase, having been rejected twice by the POC 1, which reflects the volume area starting from November 2023, when the latest uptrend began. After the second rejection from POC 1, which confirms its strength, the price is heading towards the $171 area, corresponding to a second volume zone, POC 2. This area acts as resistance, having already rejected the stock once, and we will see if it holds again. To summarize, in the short term, the stock is retracing, using POC 1 as support and POC 2 as resistance. This phase has resulted in lower highs and higher lows, forming a pattern known as a symmetrical triangle. The symmetrical triangle is generally considered a continuation pattern, meaning that the breakout often (but not always) occurs in the direction of the trend prior to the triangle's formation. However, it can also signal a consolidation phase or market indecision. Interpretation: Bullish Scenario: If the price breaks the resistance (the descending trendline of lower highs) and moves above POC 2, this would be a bullish signal. Bearish Scenario: Conversely, if the price breaks the support (the ascending trendline of higher lows) and moves below POC 1, this would be a bearish signal. It is important to confirm the breakout with an increase in volume, as a breakout without strong volume may indicate a false signal.
NASDAQ:AVGO
by Giovanni_Bandini
ETH/USDT Trading ScenarioAs of writing, the asset is trading near the support level of $2130. This level was established following a sharp decline and an attempt at a quick recovery. If this level is breached, further price drops are likely, with the next support level being the significant volume-based Point of Control level at $1585.25. This zone is attracting heightened attention from market participants, which may contribute to a price rebound. A break below the $1585.25 level could be seen as a potential buying opportunity, both for speculative and long-term investment purposes.
by Rick_SimpleSwap
NVDA - Swing Trade Idea NVIDIA (NVDA) is gradually recovering after the recent sharp sell-off. We saw a structural shift with the recapture of the X-POC (Xtructure Changing Starting Point) around $102.50, where buyers stepped in, forming a high-volume node (HVN). Following the X-POC recovery, NVDA gapped up, closing above this level and establishing a new point of control (POC) with significant volume at $105. Today, NVDA opened strong but, as anticipated, encountered resistance just before the N-POC at $110.61. Bears took control, driving the price back down to the previous day’s POC at $105. The key for the rest of the day is maintaining a close above $105. Ideally, closing above $107.10 (today’s POC) would strengthen the bullish case. However, if we see further declines, the critical support remains at the $102.50 X-POC. Looking ahead, tomorrow's CPI report will likely set the tone for the FOMC meeting next Wednesday, potentially clearing the path for a return to all-time highs. For now, bulls need to break through the $110.61 N-POC and hold above it. If achieved, we could see rapid movement towards the $118 POC, with resistance expected before reaching the final target at the $126 N-POC.
NASDAQ:NVDALong
by IronMan_Trader
Technical Analysis of Super Micro Computer Inc (SMCI)Upon analyzing the stock SMCI , we observe a significant turning point starting in 2022, following a long period of sideways movement where the stock struggled to break above the $40 level. After this prolonged sideways phase, the stock broke out with a clear upward trend, highlighted by the ascending trendline (green), characterized by higher highs and higher lows. Following a year of gains, the stock entered a consolidation phase but then broke out again to the upside with strength, accompanied by a substantial increase in volume. After reaching a peak in March 2024, the stock began a downward phase that is still ongoing. Potential long entry points, where the stock might bounce or change trend direction, are found in the following two support areas: Support area S1; The POC 1 area. If the stock begins to rally again, it will be crucial to monitor its behavior as it approaches the descending trendline (green), which could serve as a more conservative initial target. More ambitious targets are POC 2 and resistance R1, both within a price range of $900 to $1,000.
NASDAQ:SMCI
by Giovanni_Bandini
EURGBP-NEXT WEEK 9-SEP-2024 TO 13-SEP-2024Currently, the market is forming a Head and Shoulders pattern, which suggests a potential reversal. On the 1-hour timeframe, a Cup and Handle formation has been identified, but the breakout isn’t strong enough yet, and a retest hasn’t occurred. However, volume confirmation on the 4-hour chart signals that the breakout may be imminent. On the 15-minute chart, we see a triangle formation, but we are waiting for a retest to confirm our entry. The area of value lies below the resistance zone, which we will use to define our risk levels after the retest. I am using Fibonacci retracement on the 4-hour chart to define the take-profit target. At the moment, there are no major obstacles like significant support or resistance levels on the way, which aligns well with our target. The stop-loss is set 10 pips above the resistance on the 4-hour chart, giving us a well-protected position. The risk-reward ratio (RRR), which is calculated at 2.11, making this trade attractive in terms of risk management.
Long
by dannyqaq1991
1
Technical Analysis on Palantir Technologies Inc (PLTR)Palantir ( PLTR ) is currently in a short-term bullish phase, as indicated by the green trendline, which began in May 2023 with the breakout of the descending trendline (orange) accompanied by a gap up and increasing volume. The stock has recently broken above the resistance zone R1, which it is currently retesting. Bullish Scenario: A short-term bullish scenario would see a move toward the next resistance level R2 in the $38-$40 area. Bearish Scenario: If the retest of resistance R1 fails, the stock could move towards the support areas, where potential entries could be considered if one anticipates a rebound: The POC area around $24; The weekly support S1; The weekly support S2. The support zones S2 and S1 are more clearly visible on a monthly timeframe:
P
by Giovanni_Bandini